Liberia Aims for $4.8 Billion in Investments to Boost Its Extractive Sector

Liberia plans to mobilize approximately $4.8 billion in investments in the mining and oil sectors, with the goal of making the extractive industry a long-term growth driver.

These funds, supported in part through partnerships with international companies, are expected to sustain economic growth of nearly 6% in 2026, up from 5.1% in 2025, according to the Liberian Ministry of Mines and Energy.

The country, endowed with significant untapped geological potential, is accelerating reforms in its mining sector to attract more foreign investment, including a revision of the mining code and the development of industrial projects, local media reports.

According to Minister of Mines and Energy Matenokay Tingban, nearly 80% of Liberia’s territory remains unexplored, offering substantial opportunities in iron, gold, diamonds, and critical minerals.

As part of this strategy, the authorities plan to reform the mining code within the next three months and establish a national mining company to strengthen state participation in the sector.

Liberia aims to transform its economy by increasing mining exports, modernizing rail and port infrastructure, and boosting tax revenues, ultimately creating jobs and consolidating public finances by 2030.